Microsoft To Buy Yammer For $1B

[Techtaffy Newsdesk]

This just in.  A Wall Street Journal report by Jessica E. Vascellaro and Shira Ovide, Yammer has agreed to be sold to Microsoft. The price tag is a billion dollars. The WSJ cites people familiar with the matter, as a source for the news.

Yammer is a private social network for companies, that lets users collaborate across departments, geographies, content and business applications within a company. Yammer was integrated with Microsoft Dynamics in April. The integration enabled updates from the CRM solution to appear as activity stories in the Yammer Ticker. With this acquisition, we may start seeing social and collaboration features in other Microsoft products, MS Office, perhaps.

The WSJ confirmation puts to rest intense media speculation on the deal. So far both the companies have been tight-lipped.

You may also be interested in:

Also see:

TransUnion to acquire Neustar for $3.1B

TransUnion has signed a definitive agreement to acquire Neustar from a private investment group led by Golden Gate Capital and with minority participation by GIC.

Huvr raises $5M

Huvr, a cloud-based industrial asset management solution company, has raised $5 million.

American Express acquires fintech company Kabbage

American Express has entered into an agreement to acquire Kabbage, a financial technology company that provides cash flow management solutions to small businesses.

AP to equip visual journalists globally with Sony imaging products

Sony and The Associated Press (AP) have inked a collaboration that will make Sony the exclusive imaging products and support provider for AP news photographers and video journalists globally.

Equifax acquires Ansonia

Equifax has acquired Ansonia, a provider of business credit, collections, and account receivable data used by financial institutions, creditors, and businesses focused on the transportation and logistics industries.